Dermatology Devices Market

Market Synopsis:

Global Dermatology Devices Market valued at USD 12.19 Billion in the year 2021 and is projected to reach a value of USD 23.43 Billion by the year 2028. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 11.5% over the forecast period.

The Dermatology Devices assist in diagnosing and treatment related to skin disorders. The Dermatology Devices Market is witnessing growth due to the rising prevalence of diseases that needs surgical treatment, particularly slightly invasive surgery (MIS) which can help the Dermatology Devices Market to gain traction in the upcoming years. Additionally, the upsurge in the incidences of skin cancer, which needs immediate treatment and which requires Dermatology Devices for the treatment is anticipated to boost the dermatology device market in the coming years. Furthermore, the rising incidences of conditions, like acne, psoriasis, and other skin disorders are projected to generate the highest revenue during the forecast period. The increasing spending on healthcare that is used for skin treatments is further anticipated to gain traction. In addition, an upsurge in the need for improvement in aesthetics which needs Dermatology Devices for the treatment and is expected to fuel the Market growth during the forecast period. The devices can be used for cryosurgery, skin biopsy, photodynamic therapy, topical chemotherapy, electrodesiccation & curettage, and Mohs micrographic surgery which is expected to increase the demand for Dermatology Devices in the coming future. Additionally, the increasing demand for dermatology devices in the emerging economies is predicted to increase the opportunities for the growth of the Dermatology Devices Market in the years to come.

Market Segmentation:

The dermatology devices market is segmented on the basis of Dermatology Diagnostic Devices, by Type, Dermatology Treatment Devices, by Type, Dermatology Diagnostic Devices, by Application, and Dermatology Treatment Devices, by Application. Based on Dermatology Diagnostic Devices, by Type, the market is segmented into dermatoscopes, Microscopes, and Imaging Devices. Based on Dermatology Treatment Devices, by Type, the market is segmented as Light Therapy Devices, Lasers, Electrosurgical Equipment, Liposuction Devices, Microdermabrasion Devices, and Cryotherapy Devices. Based on Dermatology Diagnostic Devices, by Application, the market is segmented into Skin Cancer Diagnosis and other Diagnostic Applications. Based on Dermatology Treatment Devices, by Application, the market is segmented as, Hair Removal, Skin Rejuvenation, Acne, Psoriasis, Tattoo Removal, Wrinkle Removal, Skin Resurfacing, Body Contouring, and Fat Removal, Vascular and Pigmented Lesion Removal, Warts, Skin Tags, and Weight Management, and other Treatment Applications.